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Business Plan
Plan Cash
Cash Flow
Flow Forecast
Forecast Template
Template
About
About this
this template
template
This
This unique
unique template
template enables
enables usersusers toto create
create cashcash flow
flow projections
projections for for aa business
business planplan which
which includes
includes 12 12 monthly
monthly peri
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template
template includes a detailed income statement, cash flow statement and balance sheet. The cash flow projections are
includes a detailed income statement, cash flow statement and balance sheet. The cash flow projections are
assumptions
assumptions and and the
the turnover
turnover amounts,
amounts, gross
gross profit
profit percentages,
percentages, expense
expense amounts,
amounts, capital
capital expenditure
expenditure amounts
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by the
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You also don't need advanced input input and and include include comprehensive comprehensive step step by by step step instructions. You also don't need advanced based on limited user input. sheet. capital capital expenditure expenditure amounts amounts andand loan loan amounts amounts that that are are specified specified e user le user defined defined start start date. We’ve We’ve created created this this sample sample to to enable enable customers customers toto view view the the sion of rsion of the the template template -. This This template template is is ideal ideal for for trade trade based based a 100% 100% value value in in the the gross gross profit profit percentage percentage input input cells. The cash flow projections are based on a number of The cash flow projections are based on a number of default default s. ware ware solutions solutions than than regular regular Excel Excel templates. mplate. mplate. Most Most Excel Excel templates templates eports eports based on limited user input. The The sheet. cells.the the full full version version of of the the template template can can only only be be ite. date. ite. periods. instructions. s. templates. s template Register for a full membership ng & click here enable editing & click here . plan plan which which includes includes 12 12 monthly monthly periods periods and and 55 annual annual periods.

this sheet includes the default assumptions on which the monthly & annual cash flow projections are based. Turnover Monthly turnover projections for the first year should be entered on the IncState sheet in row 5. Gross profit amounts are calculated by multiplying the appropriate turnover amount by the gross profit percentage. The cash flow projections are based on a number of default assumptions and the turnover amounts. The monthly and annual reporting periods are all based on a single user defined start date. Additional loan amounts (after the initial start-up financing) can be entered on this sheet. If you only require annual cash flow projections. Only the capital expenditure and shareholders' contribution amounts for the first year need to be entered by the user. Users are therefore able to change the template reporting periods by simply changing the date in a single input cell. CashFlow .com This unique template enables users to create cash flow projections for a business plan which includes 12 monthly periods and five annual periods. Template Assumptions Business Name The business name that is entered in cell B4 on the Assumptions sheet is used as a heading on all the other sheets that are included in the template. Start Date The monthly and annual reporting periods on the income statement. gross profit percentages and expenses need to be entered by the user and the subsequent years' values are calculated based on the assumptions that are specified on the Assumptions sheet. cash flow statement and balance sheet are determined based on the start date that is entered in cell B5 on the Assumptions sheet. BalanceSheet . Loans . All the values for subsequent years and all the other line items on the cash flow statement are calculated automatically. Note: We have included 12 monthly and 5 annual reporting periods in this template because this format is frequently required by financial institutions when submitting business plans. refer to our Annual Cash Flow Projections template and if you only require monthly cash flow projections. The following sheets are included in the template: Assumptions . The annual turnover growth percentages that are specified in row 9 on the Assumptions sheet is then used to calculate the turnover amounts for year 2 to 5. The first year's turnover amounts.all balance sheet calculations are based on the template assumptions and the monthly income statement and cash flow statement calculations. capital expenditure amounts and loan amounts that are specified by the user. Cost of sales amounts are then calculated by simply deducting the gross profit amounts from the turnover amounts. refer to our Monthly Cash Flow Projections template. Gross Profit % A monthly gross profit percentage forecast for the first year should be entered on the IncState sheet in row 10 and the annual gross profit percentage forecast for years 2 to 5 should be entered in row 13 on the Assumptions sheet. gross profit percentages. No user input is required on this sheet. IncState .this sheet includes a detailed monthly cash flow statement for 12 monthly and 5 annual periods.this sheet includes a detailed monthly amortization table which is used to calculate the monthly interest and capital repayment amounts that are included on the detailed income statement and cash flow statement. cash flow statement and balance sheet.excel-skills. expense amounts. Page 3 of 18 .this sheet includes a detailed monthly income statement for 12 monthly periods and 5 annual periods. The template includes a detailed income statement.Excel Skills | Business Plan Cash Flow Forecast Template Instructions www. This template is ideal for trade based businesses but can also be used for service based businesses by simply entering a 100% value in the gross profit percentage input cells.

debtors and creditors on the balance sheet. The depreciation amounts for each monthly period in the first year need to be entered in row 38 on the IncState sheet and the annual depreciation amounts for year 2 to 5 need to be entered in row 18 on the Assumptions sheet. All of these amounts should be entered as positive values. we have included depreciation in the template assumptions in order to account for the tax effect of wear & tear tax allowances. entering a description for the expense and entering the appropriate monthly expense forecasts for each of the monthly periods in the first year. For the purpose of the cash flow projections. Working Capital The inventory. We believe that this is the easiest and most accurate technique that can be used in order to estimate working capital balances at the end of each period. The annual shareholder contribution totals for year 2 to 5 need to be entered in row 23 on the Assumptions sheet.com Expenses The IncState sheet includes 23 default expense accounts. User input is limited to specifying the appropriate capital expenditure and shareholders contribution amounts. The annual expense amounts in year 2 to 5 are determined by multiplying the annual expense amounts of the previous annual period by the appropriate inflation percentage which is specified in row 17 on the Assumptions sheet. All of these amounts should be entered as negative values.excel-skills. Note: The proceeds from additional loans also forms part of the cash flow statement calculations but these amounts should be entered on the Loans sheet in column C. Although depreciation is a non-cash accounting adjustment and therefore does not have a direct impact on cash flow calculations. it is assumed that the wear & tear allowances (for income tax purposes) are the same as the depreciation rates.Excel Skills | Business Plan Cash Flow Forecast Template Instructions www. Note: The depreciation amounts need to be calculated based on the effective depreciation rate for each class of fixed assets after taking the remaining useful life of the start-up assets into account and applying the appropriate effective depreciation rates to all capital expenditure amounts. Note: All income & expense amounts should be entered exclusive of any sales tax that may be applicable. Page 4 of 18 . debtors and creditors days assumptions that are specified on the Assumptions sheet are used in order to calculate the monthly & annual closing balances for inventory. Cash Flow Statement Input Amounts Most of the amounts on the cash flow statement are automatically calculated based on the amounts that are entered on the IncState sheet and the balance sheet calculations on the BalanceSheet sheet. The shareholder contribution amounts for the first year should be entered in row 25 on the CashFlow sheet. Depreciation The condition of all fixed assets deteriorates over time and asset depreciation is therefore usually recorded in the income statement in order to account for the decrease in value of fixed assets. The annual capital expenditure totals for year 2 to 5 need to be entered in row 22 on the Assumptions sheet. The depreciation amounts are included separately on the income statement below the Expenses section and added back from the profit or loss for the period on the cash flow statement. The capital expenditure that will be incurred in the first year should be entered in row 21 on the CashFlow sheet. The default expense accounts can be edited by simply entering a new description and additional expenses can be added by simply inserting the required number of rows anywhere above the total row.

it should be simple enough to obtain the opening balance sheet account balances. if the business is being acquired from another entity. Even if the average trading terms with suppliers result in payments being due 30 days after the invoice date.excel-skills. The value that is entered for this assumption should therefore be carefully considered. Start-up Balances This section of the assumptions relates to the balance sheet balances at the start of the cash flow projection period. The daily cost of sales average is calculated by simply dividing the monthly or annual cost of sales projection by the number of days in the particular month or 365 days in the case of the annual periods. loan repayment period in years and an interest only selection. The average trading terms that are negotiated with customers can be used in order to estimate the debtors days that should be entered in the template assumptions. The monthly tax amount is therefore accrued to a provision for taxation and the negative cash flow resulting from the bi-annual payment of income tax will be reflected in the taxation paid line on the monthly cash flow statement (row 17). Page 5 of 18 . Note: The maximum loan repayment period that can be specified is 10 years. Loan Terms The loan terms that are entered in this section of the assumptions are applied to the start-up long term loan amount and the additional loan amounts that are entered in column C on the Loans sheet in order to compile the monthly loan amortization table on the Loans sheet. If products are not sold on credit. If the business plan is being compiled for an entirely new business venture. The debtors days assumption is multiplied by the daily average turnover in order to determine the debtors closing balance at the end of each monthly or annual period. Also. We have also assumed that all income tax liabilities are settled on a bi-annual basis (every six months) in accordance with provisional taxation principles. If you need to compile a business plan for an existing business.Excel Skills | Business Plan Cash Flow Forecast Template Instructions www. Note: All equity and liability balances should be entered as negative values and the total of all the start-up balance sheet balances should always be nil. We have added conditional formatting to the Start-up balances section on the Assumptions sheet in order to highlight all the values in orange if the total does not equal nil. The daily average turnover is calculated by simply dividing the monthly or annual turnover amount by the number of days in the particular month or 365 days in the case of the annual periods. The loan terms consist of the annual interest rate. If no interest is charged on long term loans. The creditors days assumption is multiplied by the sum of the monthly or annual cost of sales amounts and the total expenses and the result is divided by the number of days in the particular monthly period or 365 for annual periods in order to calculate the creditors closing balance at the end of the particular period. you should remember that a lot of expenses are usually settled on a cash basis (like salaries & wages). all the start-up balances should be nil. simply select the "Yes" option from the list box and no loan repayments will be included in the cash flow projections (only the interest that is charged). The number of days that are included in each monthly reporting period are calculated in row 21 on the balance sheet.com The inventory days assumption is multiplied by the daily cost of sales average to determine the inventory closing balance at the end of each monthly or annual period. the opening balances should be entered based on the values that are listed in the acquisition agreement. The interest and loan repayment amounts that are calculated on the Loans sheet are then automatically included in the monthly & annual cash flow projections. a nil value should be entered for this assumption. Taxation The income tax percentage that is specified in this input cell is applied to the monthly or annual net profit in order to calculate a monthly income tax provision. You should therefore not only consider supplier trading terms when deciding on an appropriate value to enter in this template assumption but also the percentage of expenses and stock purchases that are settled on a cash basis.

excel-skills.com Note: Because we assume that income tax liabilities are settled bi-annually according to provisional tax principles. Page 6 of 18 . there would be no provision for taxation at the end of any of the annual reporting periods.Excel Skills | Business Plan Cash Flow Forecast Template Instructions www.

excel-skills.Excel Skills | Business Plan Cash Flow Forecast Template Instructions www. The property. return on equity (ROE) and return on net assets (RONA) financial ratios have been included below the monthly income statement. The monthly or annual profit or loss. The interest paid amount is deducted after being added back from the profit or loss and the taxation paid is calculated by deducting the income statement taxation charge from the movement in the provision for taxation which is calculated on the balance sheet. Depreciation amounts are entered on the income statement and added back from the profit or loss on the cash flow statement. not the interest. plant & equipment balance before deducting the depreciation amounts which are entered on the income statement. The monthly amounts in these rows should be entered but be careful not to replace the formulas in the columns that contain the annual totals. Note that these amounts only include the capital portion of the loan repayments. gross profit percentages and expense amounts for the first year and all the other income statement calculations are automated. the monthly additional loan amounts that are entered on the Loans sheet and the loan terms that are specified on the Assumptions sheet. users are required to enter the monthly capital expenditure and shareholders' contribution amounts on this sheet and all the other cash flow statement calculations are automated. interest and taxation amounts are calculated on the income statement. The interest amounts that are included on the income statement are calculated on the Loans sheet based on the start-up long term loan balance on the Assumptions sheet. The monthly amounts in these rows should be entered but be careful not to replace the formulas in the columns that contain the annual totals. Monthly capital expenditure amounts should be entered as negative values and are added to the property. The property. Note: Calculations of the interest cover. As we've mentioned before. plant & equipment purchases line relates to the acquisition of fixed assets with a useful life of more than one year. Monthly Cash Flow Statement A detailed cash flow statement is included on the CashFlow sheet. The loan repayments that are included on the cash flow statement are calculated on the Loans sheet based on the start-up long term loans balance on the Assumptions sheet. Note: All the rows that require user input have been highlighted in yellow in column A. Monthly Balance Sheet All balance sheet balances are calculated automatically from the template assumptions and the calculations on the monthly & annual income statement and cash flow statement. Note: All the rows that require user input have been highlighted in yellow in column A. plant & equipment balance is calculated by adding the capital expenditure on the CashFlow sheet to the start-up property. users need to enter the monthly turnover amounts. All amounts that are contributed by the shareholders of the business should be entered as positive values in the shareholders' contributions line and are added to the shareholders' contributions line on the balance sheet.com Monthly Income Statement A detailed income statement is included on the IncState sheet. Page 7 of 18 . As we've mentioned before. plant & equipment line on the balance sheet. the monthly additional loan amounts that are entered in column C on the Loans sheet and the loan terms that are specified on the Assumptions sheet.

Page 8 of 18 .Excel Skills | Business Plan Cash Flow Forecast Template Instructions www.excel-skills. The provision for taxation is calculated from the income tax line on the IncState sheet and the assumption is that the entire income tax liability is settled bi-annually based on provisional tax principles. while the cash balance is linked to the closing cash balance on the CashFlow sheet.com All working capital balances are calculated based on the days that are specified in the template assumptions.

Excel Skills | Business Plan Cash Flow Forecast Template Instructions www. In terms of the permitted use of this template. We recommend that you review the formulas that are included in these cells in order to determine how these ratios are calculated. Also note that the maximum loan period that can be specified is 10 years. This template has been designed with flexibility in mind to ensure that it can be used in most business environments. Any publication or distribution of this template outside the scope of the permitted use of the template is expressly prohibited. only the distribution of the template to persons within the same organisation as the registered user or persons outside the organisation who can reasonably be expected to require access to the template as a direct result of the use of the template by the registered user is allowed. All interest and loan repayment calculations are based on the amounts in this column and the loan terms that are included at the top of the sheet (specified on the Assumptions sheet).excel-skills. If however you need an Excel based template that is customized specifically for your business requirements. The only user input that is required on this sheet is entering the additional loan amounts in column C. Note: All the interest and loan repayment calculations on the Loans sheet are automated. The start-up long term loan balance in included in the first cell in column C and any additional monthly loan advances should also be entered in the additional financing column. If this loan interest option is selected. The loan amortization calculations can also be compiled for interest only loans by simply selecting the "Yes" option from the Interest Only list box on the Assumptions sheet. Interest & Capital Repayment Amounts The Loans sheet includes a detailed amortization table which is used for the calculation of the monthly & annual interest and capital repayment amounts which are included in the cash flow projections.com and is protected by international copyright laws.com The shareholders contributions balance is calculated by adding the monthly amounts on the cash flow report to the start-up balance that is specified in the template assumptions.com for assistance. Subsequent distribution of the template by parties outside of the organisation is however expressly prohibited and represents an infringement of international copyright laws. the projected cash flow calculations will not include any loan repayments. please e-mail our Support function and provide a brief explanation of your requirements. please e-mail us at support@excel-skills. while retained earnings is calculated based on the profit or loss line on the IncState sheet.excel-skills. © Copyright This template remains the intellectual property of www. Help & Customization If you experience any difficulty while using this template and you are not able to find the appropriate guidance in these instructions. Page 9 of 18 . Long term loan balances are calculated on the Loans sheet. Note: The financial ratios below the balance sheet are all based on the balances that are included on the balance sheet.

0 Interest Only No Taxation Income Tax % 28.0% are entered entered onon this this sheet.0% Expenses Monthly expense projections for the first year need to be entered on the IncState worksheet.50% Repayment Term (in years) 5.0% Note: It is assumed that income tax is paid on a bi-annual basis (every 6 months). - Proceeds from loans Enter in column C on the Loans sheet.100. Working Capital Inventory Days 25 Debtors Days 30 Creditors Days 15 Start-up Balances Property.Example Trading (Pty) Limited Cash Flow Projections .000) (200.0% on on the the assumptions 10.000 240.000 Cash 21. Gross Profit % 38.0% 6. Gross Profit % gross gross profit profit percentages percentages and and expense expense amounts amounts for for the the first first year year however however need need toto be be entered entered on on the the "IncState" "IncState" sheet. plant & equipment (125.000) Retained Earnings - Long Term Loans (1.000) Provision for Taxation - Loan Terms Interest Rate 10.0% 40. The The reporting reporting periods periods that that are are Monthly gross profit percentages for the first year need to be entered on the IncState worksheet.0% 6. sheet.000) Creditors (110. turnover. cash cash flow flow statement statement and and balance balance sheet sheet Year 2 Year 3 Year 4 determined are are determined Year 5 based based on on the the start start date date that that is is specified specified in in cell cell B5.000 Cash Flow Statement Input Cash flow statement input amounts for the first year need to be entered on the CashFlow worksheet.000 Debtors 250.0% 38. Plant & Equipment 800. On On this this sheet: sheet: Year 2 Year 3 Most Most4of Year of the the monthlyYear& monthly 5 annual & annual cash cash flow flow forecast forecast calculations calculations are are based based Annual Turnover Growth % 5.000) (250.0% 6. sheet.000 Shareholders' Contributions (1. statement.000 215.0% assumptions that that are 10. Year 2 Year 3 Year 4 Year 5 Purchases of property.000 250.0% 5.000) (150. Page 10 of 18 . . . B5.0% 40.000 Inventory 140.Assumptions Business Name Example Trading (Pty) Limited Start Date 3/1/2017 Turnover Monthly turnover projections for the first year need to be entered on the IncState worksheet.000) Proceeds from shareholders' contributions .0% Annual Depreciation Charges 195. Year 2 Year 3 Year 4 Year 5 Annual Expenditure Inflation % 6. included included on on the the income income statement. The The monthly monthly turnover.

460 13. .300 2. .000 205.000 315. 860 860 860 860 860 9.360 114. 3. .000 2. The 25. . Rows that Rows that Cleaning Expenses require 500 user input in 500 the monthly 800 columns are 800 indicated with 800 yellow 860 highlighting require user input in the monthly columns are indicated with yellow highlighting in column A. 5.0% 37.000 Repairs & Maintenance .profit gross profit percentage.510 2. . gross gross profit profit percentages percentages and and expense expense amounts amounts for for the the first first year year need need toto be be Bank Charges 250 250 250 250 250 250 250 250 250 250 250 250 3.000 10. .510 2.0% (7.297 15.764 9.443 9. .0% 37.000 1. . 12.Income Statement © www.850 22.083 Profit / (Loss) before Interest & Tax 43.585 9.0% 37. 759 .000 Consumables based businesses businesses by based1.000 10.388 398.3% 1.502 9.300 25.553 29.000 300.440 192. turnover.000 10.0% 37.9% 5.400 116. .725 9.510 2.000 10.000 entered on this sheet and all the other amounts are automatically calculated.000 sheet: 2.000 start date that1.510 2.800 Legal Fees .9% 2. 18.508 14. . 12.417 15. .300 2. .248 30.000 2. .0 (0.000 .850 22.200 1. . .000 Uniforms .200 Telephone & Fax 2.449 37.can can be be added added.435 72.640 195.510 2.988 50.000 321.946 (9.510 2.229 58.417 15.9% 10.574 (23.898 (23.150 201.000 217.000 && 55 annual annual periods.300 9.8% 8.000 Insurance 2.8% 15.2% (2.850 22.955) 993 11. 4. 800 . 3.5 Return on Equity (ROE) 96.418.000 122. .289 periods periods are determined by the start date that is specified in cell B5 on the "Assumptions" Electricity & Water 1. 74.200 1.000 Equipment Hire .000 Motor Vehicle Expenses .900 206.000 2.232 44.1%) 0.000 340. .000 5.167 14. .347 27. .aa 100% entering 100% gross.417 15.741) 2.800 required. . .850 22.000 305.000 118.828 48.7% (11.3 3.4% Interest Cover 4.000 10. 5. 18.212 (12.000 10.8%) 18.680 Gross Profit 105. . .000 120. .339 Depreciation 13.200"Assumptions" 1. .846 Taxation 9.000 monthly monthly turnover.003 9.935 67.3% (1. .530 Total Expenses 48.850 22.000 10.5 6.600 207. .000 includes a detailed10.167 15.000 10.000 . sheet.250 by simply -simply entering.895 814.7% 22. 5.000 2. Entertainment .450 189.000 2. .2% 3. in column 860A. .8% Page 11 of 18 .1% 59.632 205.7% 13. .000 320. 2.908 (8. percentage. template-can can also also be be used- used for for service - service .000 43. . entered on this sheet and all the other amounts are automatically calculated.809.000 5.8) 1. 2.8 (2.995 56.850 22. .0% (4. 780 . 74. .510 2.000 320.112) 12.850 22.417 15. .965 25.000 2.000 3.0% 37.248 47. .000 Cost of Sales 195. 12.200 1.390. . .333 13. .850 22. 32.4% 99. 32.600 Professional Fees .530 .5 4.000 2.225 103. .700 1.695 89. .000 115.550 111.com Mar-2017 Apr-2017 May-2017 Jun-2017 Jul-2017 Aug-2017 Sep-2017 Oct-2017 Nov-2017 Dec-2017 Jan-2018 Feb-2018 Year-2018 Turnover 300.582 62. This This template 3.000 10. .870 10. .5% 2. .560 112.000 is specified in cell B5 on the 1.000 2.850 118.000 2. . .3% 16.800 Postage 100 100 100 100 100 100 100 100 100 100 100 100 1.000 periods.200 1.850 22. 1.200 . .120 Training .417 15. .000 131. .1% 11.167 14.880 Salaries & Wages 22.510 2.0% 4.600 198. .000 The 5. .935 124.379 9. . .613) 15. .1 3.400 sheet.949 5.000 are determined 1.420 Computer Expenses Additional - Additional expenses expenses.600 208.000 2. .746 79.4 5.000 328. 1.100 121.3% Return on Net Assets (RONA) 2.200 8. . .000a detailed income income statement statement for 12 monthly 5.000 Advertising & Marketing This This sheet sheet includes 5.8% 8.9% 28.Example Trading (Pty) Limited Cash Flow Projections . . .300 The monthly The 780monthly reporting reporting 200 . .695 51.898 Interest 9.2% 2. 12.1%) 1.0% 36.300 2.625 9.2%) 0. .000 2. .454 47.183) 5.746 10.510 2.400 112.850 22.400 122.417 177. . .000 320.5% Expenses Accounting Fees 2.000 Rent 10.835 52.4 5.000 .155 52.ifif required.900 Subscriptions .000 2.156 9.0% 37.000 13.300 2.7% (35. .850 22. . .2% 8.000 330.200 Security 325 325 325 325 325 325 325 325 325 325 325 325 3. .865 9.000 5.000 10.200 1. . .510 2.000 On Onthis this sheet: 2.300 2.850 274. .815 Profit / (Loss) for the year 24.5% 19.0% 36. .000 2.300 .1 5. . 2.4%) 5.333 14.4%) 2.000 for 12 monthly 5.4 6.094 28.469 35.510 30.excel-skills.000 by the 1. .000 .0% 37.300 2.085 46.0% 35.000 10.000 .0% 37.2% 2.971 (4.0% 36.417 15.800 .320 Gross Profit % 35. .000 24.000 2. . .237 Profit / (Loss) % 8.5) 3.200 Printing & Stationery 300 300 300 300 300 300 300 300 300 300 300 300 3.3% 2.000 2.010 113.7% 9. .254 10.510 2.000 310. .2% 20.000 201.200 13. 4. . .542) 31. . .

664 213.180 3.450 4.677 Electricity & Water 14.822 Profit / (Loss) % 6.100 Consumables 5.920 35.000 250.292 15.026 Training 12.603.515 Printing & Stationery 3.423 Salaries & Wages 290.999.348 28.592 440.4% 17.348 1.6 Return on Equity (ROE) 55.5% 36.893 Computer Expenses 8.607 7.200 134.022 2.6% 35.728 32.3% 31.423 Motor Vehicle Expenses 1.199.116 407.787 Cleaning Expenses 9.045 4.596 3.199 914.642 2.146 88.843 3.991 969.299 Advertising & Marketing 138.994 547.572 Legal Fees 78.299 6.072 61.150 Equipment Hire 19.382 4.3 27.860 147.134 4.192 156.040 Telephone & Fax 31.720 13.8% Interest Cover 4.989 30.612 99.528 10.811 4.Income Statement © www.985 10.384 Bank Charges 3.0% 40.545 Professional Fees 33.5 5.746 2.150 Uniforms 2.028.573 3.619.0% 38.371 3.048.171 Security 4.0% 40.144 2.com Year-2019 Year-2020 Year-2021 Year-2022 Turnover 3.927 33.197 28.479.023 165.272 1.436 Interest 102.429 1.873 38.908 2.1% 8.8% 26.225 21.652 308.891 1.0% Expenses Accounting Fees 25.7% Return on Net Assets (RONA) 19.771.219 11.272 Postage 1.816 4.000 215.003 7.480 8.194 Total Expenses 863.032.Example Trading (Pty) Limited Cash Flow Projections .584 30.135 93.577 346.922 151.438 22.789 627.483 14.955 38.497 Repairs & Maintenance 6.847.720 13.056 15.584 11.288 4.091 326.595.917 Entertainment 12.8% 10.392 3.042 Profit / (Loss) for the year 258.365 5.606 5.113 40.0% Page 12 of 18 .659 2.832 142.601 158.301 Cost of Sales 2.855 789.081.440 26.791 1.000 Profit / (Loss) before Interest & Tax 461.292 15.233 6.645 4.080 20.262 85.5% 6.573 Taxation 100.619 3.204 15.423 4.000 240.781 Gross Profit 1.440 83.084 Depreciation 195.013 3.781 1.725 Insurance 27.1% 32.966 28.960 16.519.682 2.520 Gross Profit % 38.excel-skills.943 6.843 35.399 Rent 127.483 14.989 9.717 256.2 10.924 Subscriptions 3.

682) 23. (75.813 86.excel-skills.906 87.773 70.455 12.010 113.389) (15.660 Cash & cash equivalents at beginning of year 21. . . .754) amounts are39.773 70.660 97.839 (14. .000) .508 14.020 14. .677 (29.730) (34. 100.417 15.042) 76.297 15.Example Trading (Pty) Limited Cash Flow Projections .846) This This sheet sheet includes includes aa-detailed detailed cash cash-flow flow statement statement for for 12 12 monthly monthly & & 55 annual annual periods. (75.016 (7.928) (16.955) 993 11.240 (7.000 .000 Cash & cash equivalents at end of year 4.350) (16.790) (15.067) (16.971 (4.519 37.725) (9. . .125) 39.746 79.591 (3.167 14.585 9.922) 20.794) 12.443) (9.067) (16. .237 Interest 9.965 25. Taxation paid .443 9. . . All the other amounts are for the first year need to be entered on this sheet. .642 5.889) 84.323) (49. .258) (24.143) Payables 7.856 (7.003 9.815 Adjustment for non-cash expenses: Depreciation 13.247 47.701 97.000 Repayment of loans (14.596 (5. .417 15.613 (2.259) 288.669) amounts 6.003) (9.210 (15. .408 97. . .949 5.582) 6.964 49.Cash Flow Statement © www.581) 339 1.585) (9.204 27.323 (11.229 automatically automatically calculated.909 amounts for the first year need to be entered on this sheet.the start(50.171 (17.961) (79. .426 Cash generated from operations 6. sheet.141) (14. .156) (9.493) (16.712 481.725 116.A.522 50.769 49.912 30.764 9.553 29.783) (86.347 27.300) (9.625) (9. .741) 2.687) (7. (125.625 9.677) 30. periods.018) (14.069) Net cash from financing activities (14.167 14.227 (12.289 4.000 4. (42.660 Page 13 of 18 . (125.865) (9.417 15.254) (10.928) (16. . . .350) (16.000)that is specified date that is specified in cell B5 on the "Assumptions" in cell B5.502 9. .247 47.724) (82.291 35.682) 48.000) sheet.361 22.000) Cash flows from financing activities Proceeds from shareholders' contributions .865 9.377 (8.167 15.642 (22.632 205.358 51. . . .083 Changes in operating assets & liabilities Inventory (17. . .569) Increase / (Decrease) in cash equivalents (16.922) 20.953 45.446 62. .084 134. .746 10.870 10.725 116. .469 35.417 15.846 Taxation 9.622 14. .265) (14.848) 9. .265) (13.000) .379)On On this this sheet: sheet: (9.637) (16.613) 15.000) .323) 24.493) (16.516) (5.417 15. Rows Rows that that require require user user input input inin the the monthly monthly columns columns are are Cash flows from investing activities indicated indicated with with yellow yellow highlighting highlighting inin column column A. 500 .208) (16. (50. 500 Proceeds from loans .455 12.204 27.460 13.522 50.946 (9.956 16.746 71.935 (14.083 61.156 9.929 (39.475) 22.889 Interest paid (9.323) 25.119 (106.677) 645 1.300 9. The The monthly monthly reporting reporting periods periods are are determined determined based on the start date based on. Net cash used in investing activities .773 47. 100.956 (15.379 9.701 21. .235) 23. (36.075) 13.333 14.725 9.434 (38.621) (2.783) (187. . All the other (15.574 (23.370) 122.959) 38.884) (4. calculated. .084 134.018) (14.254 10.813 86.212 (12.458) 16.449 37. plant & equipment .313 (2.976 (19.333 13.502) (9.010) (113.183) 5. .com Mar-2017 Apr-2017 May-2017 Jun-2017 Jul-2017 Aug-2017 Sep-2017 Oct-2017 Nov-2017 Dec-2017 Jan-2018 Feb-2018 Year-2018 Cash flows from operating activities Profit / (Loss) for the year 24.417 177.853) .on the "Assumptions" Purchases of property.417 15.208) (16.313 (2.094 28.815) Only Only the the monthly monthly capital capital expenditure expenditure amounts amounts andand shareholders' shareholders' contribution contribution Net cash from operating activities (2.141) (14.637) (16.125) 16.375) Receivables (40.

260) (296.116 407.421 (16.com Year-2019 Year-2020 Year-2021 Year-2022 Cash flows from operating activities Profit / (Loss) for the year 258.032) (328.625 478.000) (200.952 7.997 Cash & cash equivalents at beginning of year 97.000) (250.967) Payables 4.072 61.505) (18.000) (200.262 85.601 158. plant & equipment (125.516) (37.152 125.500 663.656) Net cash from financing activities (142.782 Cash generated from operations 669.822 Interest 102.032) (328.072) (61.664 213.984) Receivables 3.412 621.664) (213.560 370.612 99.262) (85.000) (150.994 547.711 495.197 28.560 370.601) (158.900 74.573 Taxation 100.000 240. .132 719.excel-skills.492) (11.436) (34.100 240.652 Cash flows from investing activities Purchases of property.000 Changes in operating assets & liabilities Inventory 4.000 105.Example Trading (Pty) Limited Cash Flow Projections .224 9.000 215. - Proceeds from loans 80.711 495.808 Page 14 of 18 . .812 736.042 Adjustment for non-cash expenses: Depreciation 195.660 296.000) Cash flows from financing activities Proceeds from shareholders' contributions . - Repayment of loans (222.573) Taxation paid (100.000 250.812 Cash & cash equivalents at end of year 296.085 840.535 (8.725) (259.717 256.725) (154.042) Net cash from operating activities 466.656) Increase / (Decrease) in cash equivalents 198.000) Net cash used in investing activities (125.267 Interest paid (102.000) (150.159 13.197) (28.Cash Flow Statement © www.000 .612) (99.993 961.260) (296.000) (250.

0 30.3 5.375 Receivables 250.0 Creditors Days 15.041 1.211.744 1.000 4.988 64.016 7.7 2.750 763.5 3.0 25. All All the the balances balances on on this this sheet sheet are are automatically automatically Quick Ratio 2.581 165.338.8 13.200 154.0 Debtors Days 30.Balance Sheet © www.0 30.672 94.677 321.100.375 79.299.7 2.7 16.364.291.0 30. periods.917 Current Assets Inventory 140.000 1. 30.426 Provision for Taxation .0 25. statement 25.7 and monthly and 55 3.194 1.329.365.043.2 2.9 3.7 3.000 1.462 125.211.3 7.323 320.336.833 840.0 calculations.766 122.259 165.0 This calculations.187 1.351 1.364.313 (2.333 747.677 315.1 for sheet for 12 12 monthly 2. sheet25. Plant & Equipment 800.0 25.2 calculated calculated based based onon the the template template assumptions assumptions and and the the income income Inventory Days statement statement && cash 25.258 177.742 171.7 4.218 126.352.789 142.401 1.258 181.340.0 user user input.143 Cash 21.237 Long Term Loans 1.0 15.500 1.8 9.284 1.576 1.3 2.6 3.com Feb-2017 Mar-2017 Apr-2017 May-2017 Jun-2017 Jul-2017 Aug-2017 Sep-2017 Oct-2017 Nov-2017 Dec-2017 Jan-2018 Feb-2018 Assets Property.000 1.333 167.0 15.455 12.323 340.218 25.338.0 15.238.272 34.0 input.931 Current Liabilities Payables 110.4 2.000 117.158 1.7 2.204 27.167 778.238.356.029.492 1.0 15.8 3.492 1.299.0 15.9 11. 30.000 1.622 132.057.0 30.158 1.333 809.419 168.000 290.500 1.500 1.046.329.000 1.605 205.939 1.414 87.340.0 30.500 1.714 1.0 30.773 70.307. 9.0 30.744 1.095.8 3.500 1.922) 20.167 795.500 1.197 1.0 25.188 125.841 1.215 - 1.1 1.813 86.397 1.508 24.627 145.419 332.0 25. 24.094 Days in period 28 31 30 31 30 31 31 30 31 30 31 31 28 On On this this sheet: sheet: Current Ratio This This sheet sheet includes 3.079.573 1.085.701 97.522 50.3balance balance sheet3.236 112.Example Trading (Pty) Limited Cash Flow Projections .9 4.099 1.071.8 3.000 290.500 Retained Earnings .0 cash flow flow statement 25.000 1.000 295.469 32.6 aa projected includes projected3.500 1.000 780.560 1.084 134.667 773.excel-skills.0 15.583 794.0 This sheet requires no 25.188 1.0 15.284 1.000 786.660 1.960 162.365.291.8 2.469 1.645 174.355 317.0 25.099 1.0 Debt / Equity 42.336.939 1.247 47.035 30.062.111.000 809.000 157.0 requires no 25.094 Equity & Liabilities Shareholders' Contributions 1.0 30.560 1.352.6 annual annual periods.844 1. 10.7 9.982 1.0 15.375 152.573 1.127.012.338 141.5 8.978 110.971 6.197 1.041 1.6 2.661 166.0 30.9 Page 15 of 18 .000 1.188 1.000 309.5 2.0 15.9 11.161 309.356.0 15.984 .913 123.009 18.449 62.000 167.798 127.606 132.9 15.065 132.0 15.725 116.307.417 825.500 1.000 319.

094 1.237 463.332 189.128.4 0.352.118 1.711 495.500 Retained Earnings 205.9 Inventory Days 25.840 178.641 Cash 97.0 15.9 8.375 169.012.0 Debtors Days 30. .954 720.0 5.8 6.0 Debt / Equity 4.1 Quick Ratio 3. Plant & Equipment 747.038 1.761 167.722 345.917 677.917 Current Assets Inventory 174.com Year-2018 Year-2019 Year-2020 Year-2021 Year-2022 Assets Property.2 4.582.065 1.601 153.917 637.542 Provision for Taxation .143 328.560 370.0 30.660 296.837 208.258 Current Liabilities Payables 132.582.914 91.917 687.0 30. - 1.187 Equity & Liabilities Shareholders' Contributions 1.Balance Sheet © www.239 1.6 5.808 1.0 15.excel-skills.0 30.946 419.887 Long Term Loans 1.936.500 1.0 25.0 15.426 137. .0 25.9 1.812 736.239 1.2 6.473.187 Days in period 365 365 365 365 365 Current Ratio 4.118 1.206 715.703.821 Receivables 332.931 870.7 6.675.1 Page 16 of 18 .071 1.Example Trading (Pty) Limited Cash Flow Projections .6 5.674 417.0 25.352.473.0 Creditors Days 15.9 1.500 1.500 1.0 15.0 0.917 572.0 25.038 1.378 144. .703.094 1.936.0 30.158 379.500 1.

com www. Plant & Equipment Current Assets Inventory Receivables Cash Equity & Liabilities Shareholders' Contributions Retained Earnings Long Term Loans Current Liabilities Payables Provision for Taxation Days in period Current Ratio Quick Ratio Inventory Days Debtors Days Creditors Days Debt / Equity Page 17 of 18 .Example Trading (Pty) Limited Cash Flow Projections .excel-skills.com Assets Property.excel-skills.Balance Sheet © www.

468 23. .790 Dec-2023 18.496 .769 5.769 2. . . 3. 3. .124 7.901 Oct-2024 1.002 .725 16.310 .813 . . . .086 . .111. 23.769 4.977 .769 3.643 9.056 20.257 128 2.741 .020 287.072 830. . .049 Nov-2020 522. - Apr-2025 . C.062. .793 assumptions 9. .141 .351 .206 . .257 218 2.257 271 1.714 the & annual annual-income income statement 25.396 62.385 909.841 . . .384 Oct-2021 232.958 Jun-2024 5. . .446 26. .793 10. 27. . . 2. 29.914 Mar-2021 419. - Jul-2025 .769 5. .020 Jan-2023 49.274 27.865 Nov-2023 20. 645 33 612 3.512 8.715 17. - May-2029 . .126 705 5. .057.422 471. - Jun-2027 . 25. - Aug-2025 . - Jan-2029 . . .057.512 7.257 164 2.256 . . .870 .793 8.194 table amortization table is is calculated calculated . .000 29.769 3.614 19.976 550 3.791 27. 3. 2. 25.512 7.587 .671 23.942 Jun-2021 340.374 80.793 the start-up 9. .397 Aug-2017 1. . - Oct-2025 . .004. - Aug-2027 . .010 16.748 821.046. - Jul-2026 .753 Jul-2024 3. .880 . .976 520 3.071. . 27.946 Mar-2020 715.628 18. .186 5.029. - Mar-2026 .038 22.976 398 3.148 10.870 Dec-2018 928. .769 6. .790 . 29.976 460 3.472 . .512 27.512 8. . 29.000 . . .468 69.186 21. 3.095 393. - Dec-2029 .766 547.673 30. . 3.741 Aug-2018 1. .566 17.257 259.397 . - Jul-2029 .002 Apr-2018 996.003 26. . . .201 496. . 645 22 623 1. .100. . . . .071.546 28. . . 2. . - Nov-2026 . . 2.924 .769 6.074 18.389 1. 29. 29.769 4. . 6.296 19. .813 Jun-2020 644.187 100. - Jun-2026 .092 16.524 . . . .921 .143 May-2024 8. - Sep-2028 . . .725 870. 3.554 889.426 Jan-2021 471. . .156 . .976 490 3. - Jun-2025 .931 . 645 6 639 - Jan-2025 . .300 Jul-2018 1.126 799 5.425 789.643 9. . .667 Jul-2022 69.086 Nov-2018 948.300 as well as the 16.769 6. 29.793 9. - Apr-2028 .50% Repayment Term 5. .942 .136 .023.880 Sep-2021 259.980 .551 571.379 14. . .563 Jul-2019 789.512 8.300 .124 7. . - Jun-2029 . .043.969 Jun-2023 30. 3. .901 . . 2. 27.excel-skills.345 Jan-2020 732. - Aug-2029 .904 .223 148. . . . . .350 1. - Mar-2029 . . . .043. . - Dec-2027 .111 14. .790 1. .136 Aug-2021 287. .095.793 8.697 80.324 754. .351 additional additional loan loan amounts amounts thatthat are are entered entered inin column column C.031 Oct-2020 547.644 445. . .637 1. . - Jun-2028 .136 . .977 Feb-2022 119. - Page 18 of 18 .674 26.976 610 3.401 .914 .496 May-2021 367.565 21.851 23.130 777. 29.excel-skills. 29. 27. .524 Sep-2024 2.000 29.485 Jan-2019 909. . - Feb-2026 . . . - Dec-2028 . 27.547 45. 27. - May-2025 .670 .301 715.099 739. . . . 6.976 367 3.982 .901 25. .563 75. based based on on the 25. .946 . .Example Trading (Pty) Limited Cash Flow Projections . .819 .258 .800 22.793 8.928 1. 2.216 928.769 5. .020 . .769 5. . .218 24.783 statement. . 27.318 Oct-2019 799. 29. .in the template 25.983 . - Dec-2026 . .512 7. .848 .649 . 23. . .568 25. . .643 . .000 Mar-2017 1. . - Feb-2025 .257 254 2. .338 596. . 29.797 .265 1. .143 .136 Oct-2018 967. .004.958 . .426 59.085. . . . . .127. .736 204. .100.924 May-2018 978. 29.731 May-2020 668.769 2. .004 .714 capital repayment repayment amounts amounts that that are are calculated calculated are are automatically automatically included included Feb-2018 on on the monthly monthly & 1.115 18.447 .443loan start-up loan balance balance and and 16.841 May-2017 1.367 66. .397 1. 1. 3. 645 27 617 2.248 809.046.610 38.753 . 645 11 634 639 Dec-2024 639 .079.257 201 2. .769 3.863 16. - Oct-2026 . . . .021 24. .156 Jul-2021 314. On Onthis 25. 1. - Apr-2027 . - Nov-2029 . 29. .033 27.844 .456 56. .273 . .301 Aug-2022 66.469 .938 799. . .458 Mar-2024 12.486 52. .512 7. 3. .976 303 3. . . . .141 Aug-2024 3. 29. 3.793 and statement and cash cash flow flow statement.124 7. . - Aug-2028 .441 .512 8.769 4.265 23.257 71 2. 29. .000 27.793 9.206 Mar-2019 870. .710 668.348 . .257 109 2. - Mar-2028 .512 8. - Sep-2025 .786 314. - Oct-2028 .208 1. - Jan-2028 .865 .517 49.918 644. .299 28. . .904 Sep-2022 62.536 .994 22.749 27.959 Sep-2023 24.731 .793 9. . .641 34.com Balance Financing Repayment Charged Repayment Balance Feb-2017 . . 29.236 May-2019 830. 6.578 41. 9.023 Nov-2022 56. .257 146 2. . . 29.493 1.605 22.495 232. .959 . 2. . 25. .930 996.958 19.049 .686 Jul-2020 620.512 7. . 29. 645 17 628 1.194 Nov-2017 This This amortization 1.426 . - Mar-2025 .127 620.257 183 2.848 Dec-2020 496. - Sep-2027 .885 967.536 Dec-2022 52.931 Mar-2018 1. 27.062.000 25.969 .505 692. .129 12.976 335 3. . .257 52 2. . . .954 18. 29.865 15.559 843.126 657 5.216 26.791 18. - Sep-2026 .587 Feb-2024 14. .667 .188 .348 Aug-2020 596. .012.643 May-2023 34.246 .485 .126 752 5.Loan Repayment Schedule Interest Rate 10. .167 8.769 2.978 176. 29.124 6. . .111. 3. .284 . .519 732.553 340.012. . .256 Sep-2019 821. . .769 3. . 6.769 1. .273 Nov-2024 1.257 236 2. . .986 28.004 Aug-2019 843.323 367.931 . 29. - Feb-2028 .308 .050 28. .236 . 25. 25.769 4.447 Jan-2022 148.988 Jun-2019 809. 27.793 this sheet: sheet: 9.844 loan loan terms terms that that are are specified specified in the template assumptions as well as the Dec-2017 1.021 Sep-2018 986. - Mar-2027 . . . .095. - Jan-2030 . 29. . - Jan-2027 .931 Apr-2022 85. . . .141 1. .512 7.782 Feb-2021 445. - Feb-2027 .894 . 2. . . . 29.921 Oct-2023 22.0 Interest Only No © www. - Jul-2027 .188 Nov-2019 777.com Opening Additional Loan Interest Capital Closing Month www.686 . .576 .246 Feb-2020 739.769 2. . .384 .782 .469 Sep-2017 1.318 . 27. 29.719 91.931 . - May-2028 . 2.512 8.643 9.976 580 3. .769 1. .983 Jul-2023 28.769 5.079.670 Dec-2021 176.931 Feb-2019 889.721 986. . 23. . - Sep-2029 . 2.819 Apr-2021 393.000 .029.864 Dec-2019 754. 29. . - Nov-2025 .649 Nov-2021 204.698 .787 19.310 Apr-2024 10. . . . .576 Jun-2017 1.127.100.898 850.557 . 29. 1.136 Jun-2022 75.585 16. . . 29. . 27. . 29.308 Apr-2019 850.345 30.983 26. .479 Oct-2022 59.023. . 27.067 1.205 3. - Jan-2026 .401 Oct-2017 1. 2.128 19. .557 May-2022 80.982 Apr-2017 1.258 Mar-2022 91.078 978.769 1.470 119. .257 90 2. - Oct-2029 .124 6. .187 Jul-2017 1.023 .462 19. .284 Apr-2023 38.797 Sep-2020 571. 29.769 6. 23.085. .643 9. 29.698 Jan-2024 16. . - Jul-2028 . - Oct-2027 .642 24.124 6.868 419. . - Nov-2027 .502 14. 25. The The interest interest and and Jan-2018 capital 1. . .265 20.376 21.458 . .003 24. .254 14.787 24. - Feb-2029 . . . .558 1. - Apr-2029 .769 2.431 24. 29.050 948. . . . . .421 75.976 429 3.894 Mar-2023 41. .512 9. - May-2026 . . .697 Jun-2018 961. - May-2027 . . - Feb-2030 . . .156 16.301 .983 522.087 20. 2.479 .440 20.136 . .988 .059 23. - Apr-2026 .864 . . .327 85.227 961. 2. .347 25.125 25. . - Nov-2028 .980 Aug-2023 26. .441 Apr-2020 692.625 14.021 . .003 15. - Aug-2026 .031 .472 Feb-2023 45. - Dec-2025 .769 1. .018 1.